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Technology Stocks : GT Advanced Technologies Inc.

GTATQ 0.0215

-4.4%

Mar 17 4:00 PM EDT

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To: Glenn Petersen who wrote (66)	10/21/2014 8:14:57 PM
From: Sam	Read Replies (1) of 86

So they reached an "amicable" agreement?! Just who were the parties to this agreement? Who do the attorneys represent? Does anyone represent GTAT shareholders? Or are they/we just left out of the equation like poor bagholder schmucks? Do the executives of this company get to keep all the proceeds of the stock sales that they made over the past 6 months? I am not certain, but they might have collectively sold enough stock to pay Apple its $440m themselves, without touching the company's coffers. Who are these people? Not just the GTAT people, but the Apple people and all of their smirking self-satisfied creepy attorneys who are all so "amicable" with each other? Apple, GT reach deal to shutter sapphire plant, sell furnaces • 7:21 PM Eric Jhonsa, SA News Editor In a deal that GT Advanced (NASDAQ: GTAT) lawyer Luc Despins calls an "amicable parting of the ways," Apple (NASDAQ: AAPL) and GT have agreed to wind down Apple's Mesa, AZ plant, once expected to provide sapphire that would be used to protect millions of Apple device screens.. The plant's sapphire furnaces (owned/operated by GT) will be sold - Fortune's Philip Elmer-DeWitt reports 2,039 will be unloaded - and some of the proceeds used to pay down GT's debt to Apple. Apple made $440M worth of prepayments to GT that were structured as secured debt. The deal indicates Apple will be turning to 3rd-party sapphire suppliers to obtain cover glass for the Apple Watch, which is set to ship in early 2015. The regular Apple Watch and the high-end Apple Watch Edition use sapphire cover glass; the Apple Watch Sport doesn't. As part of the deal, GT is seeking to have the original court docs (currently sealed) that explained its bankruptcy filing struck from the public record. However, its lawyers state GT will be able to disclose most of the information that's pertinent to its bankruptcy. Earlier: GT Advanced nears settlement with Apple

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